This Week In Gold

February 9, 2008

GLD - sell signal this week.

SLV - on buy signal as of 12/24.

GDX - on sell signal.

XGD.TO - on sell signal.

Summary

Both gold and silver remain strong while GDX and XGD.TO are consolidating. If prices stay firm next week, we could see new buy signals in the sector.

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Disclaimer: Words of caution: public readers of my commentaries should exercise their own judgment as to whether to buy or sell anything. Never trade based on other people's analysis. Knowing which way to place our bets is only half of the formula to success. Wishing you peace and profits......................................

Jack Chan began investing in 1976, and became an active trader in 1998 using technical analysis. He began sharing my trading model with a few like-minded fellow traders in 2001, and the circle began to grow. The teaching and mentoring became a full time job, and by late 2003, he had to leave the family business and launched his advisory service in early 2004. Visit his website at www.simplyprofits.org.

Gold was first discovered in U.S. at the Reed farm in North Carolina in 1799, a 17-pound nugget.